VAT on sale, transfer, or barter of goods or properties.

1. Taxpayer is a VAT taxpayer:

Sales,(vat not included)-----------------------------------------------------------P800,000
VAT included:
Purchases of goods sold
From VAT taxpayers-----------------------------------------------------P224,000
From NON VAT taxpayers----------------------------------------------P20,000
Purchases of services in making his
Products, from Vat Taxpayers-----------------------------------------P56,000
Payments for utilities( water subject to percentage tax)-------P19,000
Salaries of employees---------------------------------------------------P80,000
Operating expenses( no vat component)--------------------------P100,000

How much is the Vat Payable?

2. The following are data, Vat not included, of YOGITSE Appliances Marketing Co. for the last
quarter of 2012:
Sales up to December 15, total invoice value-------------------------------P300,000
Purchases up to December 15--------------------------------------------------P200,000
Additional Info:
On December 16, 2012, the YOGITSE Appliances Marketing Co. retired from its business and the
inventory valued at P190,000 net of input taxes was taken and transferred to AMADS Appliance
Co. There is a deferred input tax from the immediately preceding quarter of P3,500.
How much is the VAT payable of YOGITSE co.?

3. MS. LILY BOUGAN is a VAT taxpayer, a processor of fruit and canned Sardines. Selling prices (not
including VAT) are as follows:
Processed Fruits----------------------------------P200,000
Processed sardines------------------------------P300,000
COSTS(VAT not included, from vatable suppliers):
FRUITS FISH
Fruits purchased from farmers--------------------------------P30,000
Sardines(fresh) purchased from fishermen-------------------------------------------------P20,000
Raw cane sugar, purchased from millers--------------------P12,000
Tomatoes purchased from farmers------------------------------------------------------------P8,000
Olive oil purchased from processors of olive oil---------------------------------------------P6,000
Bottles----------------------------------------------------------------P4,000
Tin for tin can containers----------------------------------------P7,000 P15,000
Paper Labels---------------------------------------------------------P5,000 P7,000
Cardboard for boxes----------------------------------------------P8,000 P9,000
Hauling services of forwarders---------------------------------P4,500 P10,000
How much is the value added tax payable?